GOLD prices were bullish last week and rallied US$70 up to 1763.00 regions. Most of the rally can be attributed to the concerted effort by major central banks around the world to cut the swap rate, an attempt to keep fiat money afloat.
The US unemployment rate unexpectedly dropped to 8.6% on Friday, the lowest since March 2009. Gold prices fluctuated after the data release since Americans could be stopping to look for jobs!
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